It's also good for keeping track of everything, allowing you to scan receipts with its mobile app and import them later on. It's not the prettiest software around, and it's slightly more awkward to use than many of its more refined cousins, although BankTree does produce very neat reports which you can break down by time, or by payee. It may be worth experimenting with the free trial before you choose to invest in this one.
The desktop software comes with one year of updates and support, though you are restricted to one PC and there is a charge for any additional PC you want to run the software on. There's also a browser-based version available. Whichever version you opt for, there's a 30 day free trial available, so you can try before you buy to get an idea if BankTree will work for you. We will provide you with free email support, and free updates, and bug fixes to the current version of BankTree Desktop Personal Finance version 3.
You can install the software on one computer. Hook up every one of your UK bank and credit card accounts and you'll be able to see each of your balances in a single place with a single login. That in itself is enough for us to recommend it. But there's more — Money Dashboard will track your spending, offering you an overall pie chart depicting your spending on loans, consumables, transport and the like. There's an at-a-glance overall balance, showing exactly how much money you have available across all of your accounts, and you can compare this to the previous month's figure to show how well you've been managing your funds.
That's a great motivator. It's super-safe, too: Money Dashboard locks down your login with an equivalent level of security to that of your bank, and it's completely read-only — your money isn't going anywhere. Money Dashboard - Popular money management Over half a million people use the award winning Money Dashboard app, which makes it one of the most popular personal finance choices out there.
It's quick and easy to sign-up for free , which will allow you to explore all of the features and functions. Made primarily for Mac users but also out on Windows and Linux , Moneydance is a desktop money management package with a very neat single-window interface. Load it up and you'll get an instant view of your finances, upcoming bills, recent expenses and more. Click an item in the left hand sidebar and the main content changes to reflect it.
Its reporting features are quite strong if not spectacular to look at, and one of Moneydance's most useful sections is its account register. If you're old-school and once managed a cheque book, this operates on a very similar principle. There's also an iOS app for logging transactions on the go, which later syncs with the software on your desktop.
Unfortunately for UK users, Moneydance doesn't support the connection protocols used by UK banks, so you'll need to download your transaction history manually to keep on top of it and revert to your bank's own app to move money around.
US users, however, are well covered. The plan offered applies per household rather than per computer, which means that you are licensed to run it on multiple desktops at home. While no free trial is advertised, a day money-back guarantee is. For business use , please buy one license per computer Moneydance is installed on, or per data file on a shared network , whichever is smaller. Picking which personal finance software package to use is pretty straightforward.
The main thing is to consider what you'll need it for, and how much you'll be using it. After all, there's little point in purchasing a premium personal finance package if it has got lots of features you'll never use. If you have reasonably basic budgeting needs to cater for, such as managing personal finances along with tracking your spending, then keep it simple.
For example, you may be a little disorganised when it comes to budgeting, so having software that can help with setting goals can be really useful. Setting up your personal finance package to assist with reach goals, and ensuring it lets you know if you're slipping behind schedule can be invaluable.
If you're fairly good with your money and feel confident about how you manage cash then it may be that you'll want a more sophisticated personal finance package. Some of the more advanced options allow you to take on investments, offering a sophisticated range of tools for making your money work more efficiently.
An online service that's not slathered in effects and colours, Buxfer does a good job of presenting your finances in a clean, professional manner. It cutely brags about the fact that it's currently helping its users manage over four trillion dollars in funds, so it's got a solid user base behind it. You don't have to give Buxfer your exact banking details if you're uncomfortable doing so — you can opt for offline manual syncing with your bank account instead — but if you do trust it, there's a layer of high-level encryption to protect your data and the company is regularly audited.
We like its budgeting tools best of all — the visual reporting is very strong, and the fact that it doesn't force you into predefined categories and instead allows you to tag expenditures however you see fit means Buxfer should fit nicely into most people's banking lives. The free version gets you five budgets, accounts and bill reminders, the Pilot version adds on automatic tagging and bank syncing, the Plus version gives you unlimited budgets, and the Pro version includes online payments, advanced forecasts and more besides.
Get it all though with a Prime version. HomeBank will appeal if you work on multiple platforms, or don't use Windows by default. Available for Windows, macOS and Linux there's also an Android app in development HomeBank can be installed normally or as a portable app, and it makes the topic of personal finance easily accessible.
If you've been using another program — such as Quicken or Microsoft Money — to manage your finances, you can import data to save having to start from scratch.
You can add an unlimited number of accounts to the program, and they can be linked to each other to allow for easy money transfers — it is all entirely dependent on manual editing, though. To be financially successful, one needs to know how to manage their funds. There are high chances of making mistakes while calculating expenses manually within spreadsheets. Probably, this is why you would tend to look for an automated personal finance tool to do your bidding.
Personal finance tools like the ones listed below can go a long way in helping you manage your costs. Each of these tools can help you create budgets, track your spending, and much more. Keep track of your money, and spend wisely to enhance your savings.
GnuCash is a free accounting software offering some basic yet essential accounting features. Despite being open-source software, its features are pretty extensive for a free offering. While small businesses and individual users can use the aforementioned features, medium-sized and large companies can make use of these exclusive features:.
HomeBank, being a personal finance software, houses some user-friendly reports to help people figure out where they're spending their money. It also helps individuals set up rules for importing transactions. Probably the best part is that it supports almost all modern formats for importing reports into the platform. This is not all, for this open-source tool is equipped to handle multiple currencies too. HomeBank is available on most Linux distributions by default, so you can rest assured the installation is not going to be too complex.
When you log in, you need to create an account, especially if you are accessing the portal for the first time. Once you create an account, you can either import compatible files or start entering transactions. Unlike some of the other options available in the market, you don't have to master double-entry bookkeeping to manage your expenses with HomeBank. What makes KMyMoney stand out is its widespread usability, along with its familiar user interface.
Actively scan device characteristics for identification. Use precise geolocation data. Select personalised content. Create a personalised content profile. Measure ad performance. Select basic ads. Create a personalised ads profile. Select personalised ads. Apply market research to generate audience insights.
Measure content performance. Develop and improve products. List of Partners vendors. Financial Planning Financial Software. By LaToya Irby. LaToya Irby is a credit expert who has been covering credit and debt management for The Balance for more than a dozen years. Learn about our editorial policies. Reviewed by Somer G. Anderson is CPA, doctor of accounting, and an accounting and finance professor who has been working in the accounting and finance industries for more than 20 years.
Her expertise covers a wide range of accounting, corporate finance, taxes, lending, and personal finance areas. Learn about our Financial Review Board. Fact checked by Wilhelmina Randtke. Wilhelmina Randtke has a background in law and technology. She has authored numerous articles for law journals and regional technology publications. Her career has involved practiced law for state government in Florida in a financial oversight role, teaching legal research, and oversight of technology.
Best Personal Finance Software Options. What Is Personal Finance Software? Best Overall : Quicken. Sign Up Now. Best for Budgeting : Mint. Best for Zero-Based Budgeting : Mvelopes.
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